Solution-Compute for the actual cost paid per kilogram

Compute for the actual cost paid per kilogram

Reference no: EM132751144

Mandy Co. adopted a standard cost system several years ago. The standard costs for the prime costs of its single product follow:

Material: 10 kg @ P4.50/kg P45.00
Labor: 6 hours @ P8.50/hr P51.00

The following operating data were taken from the records for November:

Units completed: 5,800 units
Budgeted output: 6,000 units
Materials purchased: 60,000 kg
Total actual labor costs: P306,600
Actual hours of labor: 36,500 hours
Material usage variance: P2,250 unfavorable
Total material variance: P450 unfavorable

Required:

Problem a: Compute for the following:

1. actual material used
2. actual cost paid per kilogram
3. Labor rate variance
4. Labor efficiency variance

Reference no: EM132751144

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Compute for the actual cost paid per kilogram

Reference no: EM132751144

Reference no: EM132751144

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